Xend Finance Pre-Launch Rewards Program

Aronu Ugochukwu
Xend Finance
Published in
3 min readMar 15, 2021

Xend Finance is delighted to invite our community to the Mainnet Beta Launch of our platform. This is an exclusive program where early users and adopters will be rewarded with $XEND tokens.

Xend Finance is Africa’s first DeFi (Decentralized Finance) project and the first DeFi credit union in the world. Backed by Binance and Google Launchpad, Xend Finance helps users to earn compound interest by converting their savings into stablecoins and investing them into high-yield DeFi platforms. This enables users to earn high APYs (Annual Percentage Yields) regardless of their geography or native currency.

Exclusive Mainnet Access to Xend Finance Supporters

Our community members will have exclusive access to the Xend Finance mainnet, where they will be incentivized for testing the various aspects and overall experience of the platform. In return, the participants will be rewarded with $XEND tokens. The goal of this rewards program is to measure how seamless and intuitive the Xend Finance platform is and increase engagement within the community. As we saw with our previous testnet in January, more than 1,500 people participated from 75 countries. We expect even more for our pre-launch, so you’ll want to sign up as soon as possible.

100,000 $XEND tokens in rewards will be randomly distributed to 400 winners. Participants will be required to perform at least one transaction on the Xend Finance platform.

Key Details:

  • Start date: 15th March at 15:00 UTC
  • End date: 5th April at 15:00 UTC
  • No. of winners = 400
  • Rewards per wallet = 250 $XEND tokens
  • Total token allocation = 100,000 $XEND tokens
  • KYC needed? = Yes
  • Winners will be announced 2 days after the day of TGE
  • The higher the number of transactions and funds you deposit, the greater the chances of winning $XEND tokens.

Steps for Participants:

  1. Complete a transaction on Xend Finance Mainnet from your PC. Link: https://bsc.xend.finance/
  2. You will need to get some Mainnet BUSD and BNB in your wallet to complete these transactions. You can purchase this from any exchange, for example — Binance. See the docs to learn more.

3. Fill up the Google form

4. Retweet this tweet and tag 3 friends using #XendTokenLaunch

5. Follow Xend Finance on Twitter

6. Join Xend Finance Telegram Community

7. Join Xend Finance ANN channel

Note: You must make at least 1 transaction on Xend Finance Mainnet before 5th April.

We are aware that Ethereum gas fees are high these days, which is why Xend Finance integrated with Binance Smart Chain. This will enable users to perform high-speed transactions with extremely low gas fees compared to that of Ethereum.

Have any feedback? Feel free to leave it here.

The Mainnet is One Step Ahead in Xend Finance Evolution

The pre-launch rewards program is one of the most integral ways to be part of the Xend Finance community, helping the project succeed.

Starting off in Nigeria with over 200 million in population, Xend Finance is now expanding to the greater regions of Africa to reach over 1.5 billion people in Africa. Xend Finance’s mission is to onboard 10 million Africans into DeFi in the next three years and acquire up to 10% of the Cooperative and Credit Union market within a decade.

This mainnet and rewards program takes us one step closer to achieving our dream of bringing DeFi and decentralization to credit unions and the financially underserved markets of Africa and beyond. The selected participants of the rewards program will be allowed to experience the fresh optimized redesign and be the first to experience the new platform.

About Xend Finance

Xend Finance provides the tools and platform for a decentralized financial credit union, regardless of geographic location and the home country currency. Members can earn multiple levels of interest on their savings by seamlessly swapping their crypto or fiat currency to stable cryptocurrencies and staking — the process of locking up crypto assets to earn yields — on lending platforms so members can earn compound interest on their money. The Xend Finance platform is the first decentralized finance (DeFi) credit union.

The team is made up of experienced professionals with backgrounds in mathematics, finance, cryptography, and blockchain development, working for some of Africa’s largest employers, including KPMG, Chevron, and Stanbic Bank. Xend Finance is headquartered in Enugu, Nigeria.

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Aronu Ugochukwu
Xend Finance

I want to know how things work under the hood. ~First Principles